TaxStats for postcode 3950 FY2013

Postcode 3950 includes Kardella South, Korumburra, Korumburra South, Strzelecki, Whitelaw in Victoria, and is in the federal electorate of McMillan.

In FY 2013 the ATO recorded 2,450 individuals in postcode 3950. Of these people, 2,435 made a taxable income or loss. 1,895 of the population paid a gross amount of tax. After tax offsets, 1,650 people actually paid a net amount of tax. There were 785 non-taxable people who paid net tax of $0.

Compare TaxStats of 3950 with VIC

3950 TaxStats FY2013%Ppl#Ppl3950
Total Individuals100%2,450
Salary or Wage 74%1,810$43,560$78,843,928
Gross Interest57%1,400$1,995$2,793,572
Unfranked Dividends14%345$343$118,404
Franked Dividends26%635$5,126$3,255,145
Dividend Franking Credit26%635$2,198$1,395,435
Capital Gains3%85$9,015$766,300
Termination Payouts2%45$9,624$433,063
Tips/Directors Fees etc23%575$1,652$949,739
Business Income10%250$13,993$3,498,161
Foreign Income4%110$453$49,791
Government payments8%195$5,211$1,016,083
Government pensions8%205$9,361$1,919,052
Total Income or Loss100%2,440$44,050$107,480,797
Charitable Gifts36%885$236$209,076
Cost of Tax Affairs49%1,190$259$308,119
Work Car expenses24%590$2,052$1,210,503
Work Travel expenses8%190$1,523$289,322
Self Education expenses4%95$1,331$126,486
Total Deductions79%1,940$2,323$4,507,344
Taxable Income99%2,435$42,123$102,569,068
Medicare Levy 64%1,565$843$1,319,636
Medicare Surcharge 1%20$1,782$35,650
Gross Tax 77%1,895$9,331$17,682,863
Net Tax 67%1,650$10,797$17,815,729
Average Tax 100%2,450 $7,272$17,815,729
Gross Tax Rate 77%1,895 22%$17,682,863
Net Tax Rate 67%1,650 26%$17,815,729
Average Tax Rate 100%2,450 17%$17,815,729
%PPL is rounded Percentage of total individuals used in the average (AVG).
#PPL is the number of individuals used to calculate the average (AVG).
*Tax Rates calculated from Taxable Income.
*Treat each stat/line item separately. Columns while related do not total due to different numbers of people used in each calculation.

The average taxable income was $42,123. It is estimated that the average taxable income for people who paid a net amount of tax was $56454.

The average net tax paid was $10,797. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 1,565 people for an average of $843. 20 people paid $1,782 on average more for the Medicare surcharge.

1,810 people earned a salary or wage and took home an average of $43,560 each.

Government allowance and payments were collected by 195 people for on average $5,211. 205 people received the pension or other allowance.

Charitable gifts and donations of an average of $236 were made by 885 people.

The costs of tax affairs for 1,190 people were claimed for $259 each.